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The answer should be just one of both. Which is preferable to you? What are the causes behind your choice??
if you get financial support to finish your graduate studies ,you will gain two things at the minimum,education and promotion.
first you will get a higher degree, education and even qualification.and finally you will be promoted for these new value added work and degree,.
if you get the promotion only,you will miss on education,and you will probably be at the same place in4 years.
so go with financial support.
sure i will choose financial support for continoe my graduate cause that already make promotions more easy inside or outside my current organization and also will make me fit more for the promotions in the future , its long term investment and have higher profit than short term promotion