In 1971, Voskovetskaya was accepted at the Kiev Ballet School (teachers Lyudmila Krymskaya and Galina Kirilova).

Four years later she was accepted at Vaganova Academy of Russian Ballet, graduating in 1983.

In 1984 Stella was promoted to coryphée, and later to demi-soloist (or Second Soloist) In 1994, she was invited to work at Igor Moiseyev Ballet, as a First Character Dancer.

After retiring in 2000, Voskovetskaya returned to Kyiv, where she founded Academic Children's Dance Ensemble.

Currently Mrs. Voskovetskaya is a founder and Artistic Director of Illinois Classical Ballet.