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In this video tutorial, the importance of a cover letter in securing a first-round interview is highlighted, noting that while a resume is crucial, a well-crafted cover letter can evoke emotion in the reader. The presenter shares three key strategies used by Amanda in her successful cover letter that led to multiple job offers in management consulting and bulge bracket investment banks. The video emphasizes that a strong cover letter is essential, as a poor one can eliminate candidates from consideration entirely. Viewers are encouraged to stay until the end for a unique formatting tip that can enhance their cover letter.