I found out that this is actually something the scholarly community recognizes. Evangelicals can do some really great work in Greek, textual criticism, linguistics because those degrees are largely 'safe,' ie it's not like issues of form criticism, historical Jesus, etc, which conservative evangelicals might be uncomfortable with theologically. A few generations ago, leaving for Europe to get a PhD in text criticism, in order to return to the states to teach New Testament, amounted to an evangelical strategy, if I understand correctly.
My seminary is the same way, though not as good as DTS or GC by any means. No MA in New Testament/Religion/Biblical Studies but an MA in Biblical Languages. They have an MA in OT as well, but it's largely a Hebrew language degree.
Caveat: I'm speaking about the very conservative types here, not every Christian who identifies as 'evangelical.'