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In the video, the speaker emphasizes the importance of a cover letter in securing first-round interviews, suggesting it can create an emotional connection that resumes cannot. They share three key strategies used by Amanda, who successfully landed multiple job offers in management consulting and investment banking. The video encourages viewers to understand that a well-crafted cover letter is crucial, as a poor one can prevent even getting an interview. The speaker hints at sharing a unique formatting tip for cover letters at the end. The content will focus on highlighting Amanda's effective cover letter techniques to help viewers improve their own applications.