There are two parts to the standard application package: the resume and the cover letter, and both are extremely important.
Being a bit of a movie buff, I have always thought of the application package as a film. The resume itself is the full length movie, while the cover letter is the movie trailer (and if you want to keep with the theme, your transcript would be the credits).
From my perspective, I rarely watch a movie if there wasn’t anything interesting in theĀ trailer. I might be tempted to have a look if I have been referred by a friend or colleague (networking in the job search sense), but otherwise, I’m not going any further.
Applications packages are much the same. The first thing that the employer will look at is your cover letter. This is where you need to grab their attention and refuse to let go. Your cover letter will explain some of the most interesting points (your eduction and work experience) while leaving most of the meaty details for your resume. It will also include proof that you have done your research on the company and the industry. This is your one shot to get in the door. Without a captivating cover letter, an employer is not likely to read your resume.
However, once you get the employers attention, your resume is going to provide all of the details on why you are great for the position. It will outline your experience and education, as well as all of the supporting information (extra curriculars, professional development, etc) that will help to set you apart from the rest of the competition.
If you have done it right, your cover letter will grab their attention from the beginning and your resume will provide all of the details. From there, you should be a shoe-in for an interview.
In summary, your cover letter is the hook to get them interested in what you have to offer, while your resume contains all of the details to back up your points.
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