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In the video tutorial, the speaker emphasizes that while a resume is crucial for landing a first-round interview, a good cover letter can evoke emotion and make an impact that a resume cannot. The speaker highlights three key strategies used by Amanda that successfully attracted attention from management consulting firms and bulge bracket investment banks. They argue that while a strong cover letter doesn't guarantee a job, a poor one can eliminate candidates from consideration entirely. Throughout the video, viewers are encouraged to learn about the elements that can make a cover letter stand out and to stay tuned for a unique formatting tip shared at the end.