Recently, I wrote a blog addressing why "evangelical students of theology pursuing academic careers should not choose evangelical seminaries or grad schools for education past the M. Div. level." Feel free to interact.
http://sacredpage.wordpress.com/2010/11/10/why-not-evangelical-seminaries/




I'm referring to Fundamentalist schools as well, as they are a subset of evangelicalism. There are, however, a few good programs out there if you have pretty specific interests and vocational desires. For example, I think Wheaton is on the right track with its PhD in Biblical and Theological Studies. Fuller as well has some good programs. For Biblical studies, there are a few I like.
My Blog: www.sacredpage.wordpress.com
Cor meum tibi offero Domine prompte et sincere. ~ John Calvin