Rashba effect may play an important role in the nonlinear optical properties of heterojunction quantum dots. In this work, we have theoretically examined the effects of Rashba spin-orbit interaction on an electron in a cylindrical core/shell quantum dot (CCSQD). The modifications of various properties of cylindrical core/shell quantum dot such as transition energies, dipole transition matrix elements and linear and nonlinear optical properties due to change in Rashba coupling parameter, magnetic field and effective Rydberg energy were studied. We solved the Schrödinger equation using numerical methods and obtained energy eigenvalues as functions of the aforementioned parameters. It was observed that, the magnetic field has a considerable effect on absorption coefficients and refractive index. It was also observed that increasing the magnetic field shifts the resonances towards higher energies. Additionally, increasing in the Rashba coupling coefficient (αR) was found out to result an increase in absorption coefficients and refractive index. Our results demonstrated that, we can manipulate optical properties of cylindrical core/shell quantum dot using an external magnetic field.