The aim of the current study is to examine metacognitive functioning in people with schizophrenia, in the light of everyday functioning. More specifically, links with several cognitive domains (i.e., attention, executive functioning and processing speed) and social functioning are analyzed using linear regressions. Based on previous literature, a close relationship between social and cognitive functioning is expected, as well as a mediation effect of metacognition on this relationship. The present findings suggest however, that cognition, social functioning, and metacognition are not related. Therefore, the model in which metacognition mediates the relationship between cognitive and social functioning in people with schizophrenia does not hold.