Cochrane was the winning jockey in three of the five British Classic Races: the 1000 Guineas Stakes and Epsom Oaks on Midway Lady, trained by Ben Hanbury in 1986, and the Epsom Derby on Kahyasi for his retained stable of Luca Cumani in 1988.
Cochrane received a Flat Jockey Special Recognition Lester Award in 2000.
Cochrane received the Queen's Commendation for Bravery in 2002 for saving the life of fellow jockey Frankie Dettori following a plane crash in 2000.
[1] The pilot had died after the light aircraft caught fire after crashing at Newmarket.
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