An integrated power module includes a longitudinally extending mounting member defining a cooling passageway on a first side thereof. A heat sink is positioned in the cooling passageway. A printed circuit board is positioned proximate a second side of the mounting member opposite the first side. A heat generating power circuit is electrically coupled to the printed circuit board and positioned between the printed circuit board and the mounting member. The power circuit is thermally coupled to the heat sink. An inductor is mounted in the cooling passageway. Methods of forming an integrated power module are also provided.