Virtual memory will always be higher than physical memory since virtual memory includes physical memory + pagefile. If you exceed physical memory, data starts getting moved to the pagefile (virtual memory). The pagefile is slower than your physical memory.
Actually, that is not entirely the case. In my Windows Task Manager, I'm seeing that almost every program I have running, VM Size is greater than mem usage. For example, I have GIMP running where I have 344 MB of RAM being used, but VM usage is only 332 MB - VM is using 12 MB less. Firefox, for me, is using 187 MB with VM Size as 182 MB.