We report a compact, stable, gain-switched-diode-seeded master oscillator power amplifier (MOPA), employing direct amplification via conventional Yb(3+)-doped fibers, to generate picosecond pulses with energy of 17.7 μJ and 97-W average output power (excluding amplified spontaneous emission) at 5.47-MHz repetition frequency in a diffraction-limited and single-polarization beam. A maximum peak power of 197 kW is demonstrated. Such a high-energy, high-power, MHz, picosecond MOPA is of great interest for high-throughput material processing. With 13.8-μJ pulse energy confined in the 0.87-nm 3-dB spectral bandwidth, this MOPA is also a promising source for nonlinear frequency conversion to generate high-energy pulses in other spectral regions. We have explored the pulse energy scaling until the stimulated Raman Scattering (SRS) becomes significant (i.e. spectral peak intensity exceeds 1% of that of the signal).