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For starters. English Language Teaching Graduates could go to publishing companies and become proof readers or editors. If they tend to gear to other fields they can become sales representatives or real estate agents simply because as teachers they tend to be good listeners and has the capability of reacting to various situations required by their client.
Further, former teachers can also be hired in various testing and training companies simply because the need to come with various programs and questions are the life blood of said companies.
Once retired, these English Language Teaching graduates could start their own business and probably set up a Party Planning business for kids or be a professional nanny since they are very much aware of what kids want and how to deal with them.