A boundary integral method [1] for calculating leaky and guided modes of microstructured optical fibers is presented. The method is rapidly converging and can handle a large number of inclusions (hundreds) of arbitrary geometries. Both, solid and hollow core photonic crystal fibers can be treated efficiently. We demonstrate that for large systems featuring closely spaced inclusions the computational intensity of the boundary integral method is significantly smaller than that of the multipole method. This is of particular importance in the case of hollow core band gap guiding fibers. We demonstrate versatility of the method by applying it to several challenging problems.