>the Kaggle ranking has become an essential metric in the world of data science. Employers like American Express and the New York Times have begun listing a Kaggle rank as an essential qualification in their help wanted ads for data scientists
No, it hasn't, and the nytimes job posting they link to doesn't list it as an "essential" qualification (they didn't link to the amex posting). I know many people with experience in the data science space and very few of us have taken part in a Kaggle competition. It's not that there is anything wrong with Kaggle, but the pay is low for the required effort to differentiate yourself. Many modeling competitions I've seen require an inefficient use of time in the "diminishing returns" part of the process, which means winning requires a lot of free time. I worked with a guy who won a couple prominent data modeling competitions, and frankly I thought he was a mediocre data scientist (but a very hard worker).
I sometimes wonder who takes part in the competitions; and then I remember myself from six years ago, applying for jobs and looking for a way to make my resume stand out.