The state has registered a high school completion rate of 97.01 per cent.
Students began accessing their results from 7am on the internet and on their mobile phones.
VCE Results 2010
The results will also begin arriving by mail from Tuesday.
This year marks the first time students will receive an Australian Tertiary Admission Rank (ATAR), formerly known as the Equivalent National Tertiary Entrance Rank (ENTER).
In bayside Melbourne, McKinnon Secondary College student Rachel Cole was ecstatic to receive a score of 99.90 sent to her mobile phone.
'I didn't really sleep last night, I was a little bit nervous,' she told AAP.
Rachel, who studied Chemistry, Psychology, Further Mathematics, Biology, Physical Education and English said the score came as a 'massive shock'.
'To get over 90 was like a dream but I would never have expected this,' she told AAP.
The avid singer and hockey player says she hopes to get a place in a physiotherapy course at Monash University and study medicine as a postgraduate after narrowly missing out on an interview for a medical place.
Rochester Secondary College principal Bernie Altmann said the 54 Year 12 students who completed their VCE in the college had generally performed as expected.
'It's been a strong year, most kids are happy with how they've gone, there's a few who didn't do quite as well,' he told AAP.
'There's still a lot of avenues open to them.'
VCE Results 2010
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