I recently came across an interview of Richard Hays where he was asked this question: "What are some of the best places in your view to study the New Testament today?"
His response was perfect. "First of all, the NT is best studied in a community of prayer, worship, and service, where it is taken not merely as a museum piece but as a living word that calls us to account."
Of course, he understood what the question implied and went on to list several top notch university and doctoral programs. Nevertheless, he understands that "the academy" exits to serve the church. For a good conversation on this, read James K. A. Smith's Desiring the Kingdom.