As long at you are able to access the MATLABROOT folder, it should not be a problem.
Even if you do run into issues regarding permissions,
you can always change the owner of the MATLABROOT folder to your current username.
To do this, use the chown command from the a terminal.
However, you might have to use the root user to install new packages, which can leter be accesed by any or the other users.