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In preparing for a first-round interview, a resume is crucial, but a compelling cover letter can evoke emotion that a resume cannot. This video discusses three key strategies used by Amanda in her cover letter that helped her secure multiple offers from management consulting firms and investment banks. The presenter emphasizes the importance of a well-crafted cover letter, stating that while it won't guarantee the job, a poor one can prevent an interview opportunity. Viewers are encouraged to watch until the end for an exclusive formatting tip for cover letters. The discussion then begins with the first essential aspect of Amanda's successful cover letter.