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Showing impacts is more important, so I would say making manager.
Another option you can do is PT/EMBA
Neither. Having a vision and showing that you are following it and having impact, then tying that to why you want to get an MBA. I see a lot of people talking about what job they need in order to get an MBA, which strikes me as odd bc I got my MBA to switch jobs to a new industry that I recruits heavily out of MBA programs. You're already in that industry and getting job offers and promotions. So what do you want to do with your MBA? I would do a job that will help you with that and if you can't do that then just apply to MBA now. There's no secret list of companies or titles you have to have in order to get into a top MBA program.