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In this video tutorial, the presenter emphasizes the importance of a compelling cover letter in securing first-round interviews, particularly in management consulting and investment banking. While resumes are crucial, a good cover letter can evoke emotion, which is key to making an impact. The tutorial outlines three key strategies used by Amanda, who received multiple job offers thanks to her effective cover letter. It also highlights that while a strong cover letter won't guarantee a job, a poorly written one can prevent candidates from even being considered for interviews. Viewers are encouraged to stay until the end for a unique cover letter formatting tip.