Objectives. To elucidate the ability of pharmacy students to self-regulate their learning, and determine the impact of their self-regulatory behaviors on student learning outcomes. Methods. This study utilized a mixed methods approach using 'meta-learning' assessment tasks to identify the learning strategies used and relied on by second year pharmacy students (n=139), and to determine the relationships between the quality of strategies and academic achievement.Results. The results demonstrate that although students have used a wide range of strategies, they rely on a small number. When prompted to use more advanced strategies, the quality of strategies reported were significantly related to academic achievement, with significant relationships between achievement and goal setting, self-efficacy, self-satisfaction, self-evaluation and adaptive reactions. Conclusion. These findings suggest that high achieving students use higher quality forethought and self-reflective strategies than poor achieving students. Potentially, prompting students to engage in higher quality strategies may increase students' awareness of their own learning and improve student learning outcomes.