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In this video tutorial, the speaker emphasizes the importance of a cover letter in securing a first round interview, noting its emotional impact compared to a resume. They share three key strategies that Amanda used in her cover letter, which helped her receive multiple offers from management consulting firms and bulge bracket investment banks. The speaker stresses that while a good cover letter may not guarantee a job, a poorly written one can eliminate candidates from consideration entirely. The video aims to guide viewers on writing an effective cover letter, concluding with a unique formatting tip.