Cover Letter

AAA

DEFINITION of 'Cover Letter'

A written document submitted with a job application explaining the applicant's credentials and interest in the open position. Since a cover letter is often one of only two documents sent to a potential employer, it is often extremely important in determining whether the applicant will obtain an interview for the position.

INVESTOPEDIA EXPLAINS 'Cover Letter'

A good cover letter complements a resume by expanding on resume items relevant to the job, and in essence, makes a sales pitch for why the applicant is the best person for the job. Career experts advise job seekers to spend time customizing each cover letter for the job being applied for, rather than using a generic letter. Although this requires extra effort, it can be very helpful in allowing an applicant to stand out above the competition.

RELATED TERMS
  1. Resume

    A one to two page formal document that lists a job applicant's ...
  2. Technical Job Skills

    Technical job skills refer to the talent and expertise a person ...
  3. Notice Of Termination

    Generally refers to the notice provided by an employer stating ...
  4. Job Market

    A market in which employers search for employees and employees ...
  5. Job Hunting Expenses

    Costs that individuals may be allowed to deduct on their federal ...
  6. Elevator Pitch

    A slang term used to describe a brief speech that outlines an ...
Related Articles
  1. Professionals

    Get An Academic Finance Career

    Working nine months a year and earning a six-digit salary might seem like the high life, but these jobs are not easy to come by.
  2. Professionals

    How To Write An Effective Investment Banking Resume

    A persuasive resume can give you the edge you need in a competitive market.
  3. Professionals

    Business Grads, Land Your Dream Job

    Companies are in need of strategic candidates, not walking resumes. Find out how to set yourself apart from the pack and land the business career you've always wanted.
  4. Professionals

    Sell Your Skills, Not Your Degree

    If you want to switch careers, you may not have to go back to school to do it.
  5. Retirement

    Keep Working Or Stay At Home With The Kids?

    Choosing to stay at home with the kids is a choice that has both positive and negative financial consequences.
  6. Professionals

    Taking The Lead In The Interview Dance

    Learn the steps that will help lead you to a new career.
  7. Retirement

    Financial Career Shift: Get In The Driver's Seat

    Before you agree to work for another investment firm, be sure you know what you're getting into.
  8. Retirement

    Transfer Retirement Savings When You Change Jobs

    Half of Americans lose their nest eggs when they switch careers. Learn why you should avoid this trap.
  9. Personal Finance

    Resume Scribes Seal The Deal

    Find out how professional resume writers can help you land a coveted career.
  10. Personal Finance

    Resume Tips For Internships

    Here's how to put together a strong resume for an internship that can open the way to your field of dreams.

You May Also Like

Hot Definitions
  1. Interest Rate Risk

    The risk that an investment's value will change due to a change in the absolute level of interest rates, in the spread between ...
  2. Income Effect

    In the context of economic theory, the income effect is the change in an individual's or economy's income and how that change ...
  3. Price-To-Sales Ratio - PSR

    A valuation ratio that compares a company’s stock price to its revenues. The price-to-sales ratio is an indicator of the ...
  4. Hurdle Rate

    The minimum rate of return on a project or investment required by a manager or investor. In order to compensate for risk, ...
  5. Market Value

    The price an asset would fetch in the marketplace. Market value is also commonly used to refer to the market capitalization ...
  6. Preference Shares

    Company stock with dividends that are paid to shareholders before common stock dividends are paid out. In the event of a ...
Trading Center