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> Matlab which probably takes about 15 seconds just to open the editor

Try this:

matlab -nosplash -nodesktop -r "tic; fplot( @(x) [sin(x) cos(x)]); toc"

This took 25 seconds on my laptop (15 seconds the second time, when the filesystem was warm).

I believe that's still not going to capture the startup time of Matlab itself, right?

It's faster than opening the editor, though.