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In this video tutorial, the importance of a cover letter in securing a first-round interview is discussed, emphasizing that while a resume is crucial, a well-crafted cover letter can evoke emotion and set candidates apart. The speaker highlights three key strategies used by Amanda in her successful cover letter, which helped her land multiple offers in management consulting and investment banking. Before diving into these strategies, the video reinforces that while a good cover letter won't guarantee a job, a poorly written one can prevent even the first interview. The tutorial also promises a unique formatting tip for cover letters at the end.