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In this video tutorial, the speaker emphasizes the significance of a cover letter in securing first-round interviews, noting that while a resume is crucial, a cover letter can evoke emotion in the reader. The speaker shares three key strategies used by Amanda, a friend, in her successful cover letter that helped her receive multiple offers from management consulting firms and investment banks. They stress that while a strong cover letter won't guarantee a job, a poorly written one can eliminate candidates from consideration. Viewers are encouraged to stay tuned for a unique formatting tip at the end of the video.