LastPass – A Free, Easy, & Secure Way for MBAs to Manage Passwords

In last Friday’s MyeEMBA Blog post, I ask the question, “How many passwords does it take to start an MBA program” as a way of introducing you to password management applications and suggesting that most MBA students would benefit from their use. Today, I want to introduce you to LastPass, a password management application that I use. I currently use the free version and am extremely satisfied with its ease of use and capabilities. I am not sure how I functioned without it.

Rather than rehashing what others have written about Lastpass, I will simply refer you to an excellent blog entry by Dr. Ryan Cordell. In his ProfHacker Blog entry titled, “Managing Your Passwords (and Making Them More Secure) with LastPass. He reinforces using password management applications and shares his many reasons for selecting LastPass. I encourage you to read his blog post.

However, in case you want skip his blog post, I will tell why I think this is a useful application for all MBAs, especially those starting an MBA program.

  • Cost – The version I am using is free. Users can upgrade to a premium version for $1 per month. The major difference between the two versions is the premium version provides access to smart phone applications.
  • Ease of installation – The application is a browser add on that can easily be downloaded and installed in a matter of minutes. I think I added my first password in less than five minutes after starting the download process.
  • Ease of use – LastPass user screens are intuitive and easy to use. You create the folders you want to use to organize passwords and sites and you can easily change passwords associated with a given site or account.
  • One password to remember – The master password is the only password you need to remember. LastPass stores all of your passwords and recalls them when you access a site.
  • Multi browser use – You can use LastPass with most browsers, Internet Explorer, Firefox, Chrome, etc. I alternate between Explorer and Firefox and LastPass is automatically available on both with the most current information.
  • Secure notes – LastPass has a secure notes capability that allows users to add notes that are independent of a web site so other types of personal information is available to users anytime and anyplace.

These are but a few of the benefits for me. I am sure that as I continue using LastPass I will find many other benefits.

I think any newly admitted MBA student or currently enrolled MBA student should seriously consider using some type of password manager. However, of the many options available, I think LastPass is a useful addition to any MBAs technology toolkit. If you are not convinced that password managers are for you, I suggest you read last Friday’s MyeEMBA post where I identified benefits that are specific to MBAs.

Do you use LastPass to manage your passwords? Do you have any suggestions regarding password management that you would like to share with other MBAs? Share your thoughts by adding to the comments below.

What would you like to see covered in the MyeEMBA blog? Let me know by commenting below. Please also visit my website, MyeEMBA.com, for additional resources and valuable information on MBA studies.

You can rate this article by clicking on the stars below.

Invite others to join the discussion or share this post with someone you think would be interested.

Rodney

Rodney G. Alsup, D.B.A., CPA, CITP
Founder of MyeEMBA.com

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2 comments for “LastPass – A Free, Easy, & Secure Way for MBAs to Manage Passwords

  1. July 29, 2011 at 7:51 am

    I absolutely adore reading your blog posts, the variety of writing is smashing.This blog as usual was educational, I have had to bookmark your site and subscribe to your feed. Your theme looks lovely.Thanks for sharing.

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  2. August 13, 2011 at 2:29 pm

    Thank you for your kind words. Please let me know if there are topics you would like to see covered.

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