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In this video tutorial, the speaker emphasizes the importance of a cover letter in securing first-round interviews, noting that while a resume is crucial, a cover letter can evoke emotions that resumes cannot. The speaker shares three key elements that significantly contributed to Amanda's successful cover letter, which led to multiple offers from management consulting firms and bulge bracket investment banks. The tutorial begins by addressing whether a cover letter is necessary, concluding that while a strong cover letter doesn't guarantee a job, a weak one can prevent you from getting an interview. Viewers are encouraged to stay for a unique formatting tip at the end.